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Fujian Cee Installations Plans to Spend CNY 80 Million Building in Subsidiary Shanghai Cee New Energy

Jun 15 15

Fujian Cee Installations plans to spend CNY 80 million building a wholly-owned subsidiary, known as Shanghai Cee New Energy. The new company will build PV power projects with an investment of CNY 2.8 billion. The investment will be made in three years, of which 20% comes from own capital and 90% comes from financing. The company plans to spend USD 50 million building a wholly-owned subsidiary, known as Cee International Holding, so as to launch overseas grid energy projects and new energy power station construction and operation.

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